Dollar hits fresh peak against yen on bets for aggressive Fed

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S. economic data reinforced the view that the Federal Reserve will continue aggressive policy tightening. The euro continued to languish not far from Tuesday’s two-decade low, well below parity, as European Union ministers prepare to meet this week to discuss the energy crisis that is hammering industry and squeezing households. A report overnight showed the U.S. services industry unexpectedly picked up last month, reinforcin…

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